When you are new or unknowledgeable about betting then you may be vulnerable to making easy betting mistakes that will lose you money. Bookies will tend to lick their lips to newbies in the betting scene and will encourage them to keep betting. Ensure that if you are new to betting that you will avoid making these common mistakes that we speak about below.
Now this can be hard for some people who are getting into betting. Of course you always want to support the team you love and the best support is by putting money on them to win, right? Wrong! The worst trap that you can fall into is doing that exact thing, of course it is great if your team win and you gain money on top of this. The majority of the time however, this will not be the case and if your team loses then you will end up losing twice! The best thing to do in this situation is just to disconnect betting and your favourite team, if you stay away from betting on your team then you will be happier in the long-term.
This point is vital, it is important that you set a budget before you go on a mad betting spree, something as simple as a £25-£50 cap per week can really give you the perspective that you need. The worse case scenario you lose all the money that you have put on, yet if you have a cap this will inhibit you from trying again and again and potentially risking more money, this brings us on to our next betting mistake.
This is by far the worst betting mistake that a person can do. Chasing your losses will almost always lead to a person losing more money. Even if you are presented with a “special offer” which seems too good to be true, it probably will be and you should just enjoy the sport without betting on it! The main culprit for this is usually ‘Monday Night Football’ as it is on after the weekend when many people may have lost money, the bookies will usually offer many specials for this game and drag as many people in as possible. Do not let this be you.
The idea of betting on sports you have no idea about is a huge betting mistake that some people may easily fall into if they are not careful. You do not know how the points are allocated, you do not know who the best teams are and you also might not know how long the games go on for!
This again should go without saying, why should you bet on a team that you have absolutely no idea about? That’s right, you shouldn’t. This will usually be done by checking the odds and putting it on a accumulator, however you may not know the teams’ injury list, management situation or finances all of which could have an impact on the result.
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